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☆ Boeing Starliner launches for the first time carrying NASA astronauts to the ISS
▼ + stars: | 2024-06-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

In this article BA Follow your favorite stocks CREATE FREE ACCOUNTBoeing launched its first Starliner flight with astronauts on Wednesday, beginning a crucial final flight test of the long-delayed spacecraft. ET from Cape Canaveral, Florida with two NASA astronauts aboard. Starliner is carried by an United Launch Alliance's Atlas V rocket and bound for the International Space Station. Boeing's crew flight test aims to certify the Starliner system as capable of carrying NASA astronauts to-and-from the ISS. The capsule itself is built to carry as many as four NASA astronauts per flight and more than 200 pounds of research and cargo.

Persons: Boeing's, Steve Nesius, Lockheed Martin –, Miguel J, Rodriguez Carrillo, Butch Wilmore, Suni Williams, Wilmore, Kim Shiflett, NASA Williams, Williams, Isaac Watson, NASA Starliner Organizations: Boeing, NASA, United, International Space, Alliance, V, International, Reuters, Lockheed, United Launch, Boeing's, Kennedy Space Center, AFP, Getty, Space Shuttle, Russia's, U.S . Navy, Soyuz, Navy, United Launch Alliance, Cape Canaveral Space Force Locations: Cape Canaveral , Florida, U.S, ULA, Cape Canaveral, Fla, Florida

☆ Investing in Space: The China factor in the U.S. space station race to replace the ISS
▼ + stars: | 2024-05-30 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. I'd be surprised if most Americans know that there are not one, but two crewed space stations in orbit currently. I'd like to think the International Space Station is common knowledge, but is Tiangong? Tiangong, that second space station in orbit, is built and run by the Chinese. Ideally, NASA also gets more than one space station.

Persons: CNBC's Michael Sheetz, I'd, I've, NASA's Organizations: NASA, NASA's, Soyuz Locations: U.S, China

☆ Investing in Space: How the Pentagon is making use of AI with spy satellite data
▼ + stars: | 2024-05-23 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The conversation I moderated was on "Big (Geospatial) Data & AI," with the goal of exploring how the two rapidly evolving worlds of satellite data collection and artificial intelligence interact. Simply put, Project Maven at NGA is working on how AI can use satellite imagery and data to detect objects and activities around the world. "As the volume of that data grows, it is beyond the capacity of the human mind to be able to derive any kind of useful understanding from that kind of data," Martin said. And more change is coming: The next step in the evolution of geospatial data and AI, from her view, is applying generative AI "to basically arm non-experts with the ability to expertly use geospatial data."

Persons: CNBC's Michael Sheetz, Nathan Kundtz, Rachael Martin, Martin, Maven Organizations: Space, Maven, National Geospatial - Intelligence Agency, of, NGA, National Reconnaissance Office, NRO Locations: China

☆ Investing in Space: Boeing inches closer to Starliner launch
▼ + stars: | 2024-05-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts for the first time. And, even this test flight doesn't feel like a given. Boeing is going to test the capsule's propulsion system before moving forward, so we'll see if the May 21 target holds. The coming Starliner crew flight test doesn't mean that race is back on.

Persons: Boeing's, CNBC's Michael Sheetz, It's, Starliner's Organizations: Alliance, International, CNBC's, Boeing, NASA, SpaceX Locations: Cape Canaveral , Florida, U.S

☆ Investing in Space: Boeing takes backup role in flying NASA astronauts
▼ + stars: | 2024-03-28 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner program finally feels close to flying people in space for the first time. It was originally planned to launch this crew flight test in November 2018. On the eve of flying crew, Boeing's messaging is now closer to "NASA wants us as backup and we're not committing beyond that." The additionally unfortunate aspect of this situation is that none of these years of setbacks and cost overruns seem to have lit a fire under Boeing's space management.

Persons: CNBC's Michael Sheetz, Boeing's, we're, Starliner, it's, SpaceX's Dragon, Boeing's Starliner, Mark Nappi, Nappi Organizations: ISS, Boeing, SpaceX, NASA

☆ Investing in Space: Where NASA made cuts in its underwhelming budget request
▼ + stars: | 2024-03-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A year ago, the space agency was seeking budgets of $27.2 billion and $27.7 billion for 2024 and 2025, respectively. Moreover, NASA's budget remains a tiny fraction (less than 0.4%!) But the branch isn't exactly enthused, with Air Force Secretary Frank Kendall giving the 2025 request an "acceptable" grade. Space Force's budget has already surpassed NASA's, and the Pentagon is seeking $29.4 billion for the branch in 2025.

Persons: CNBC's Michael Sheetz, what's, Artemis, Frank Kendall, That's Organizations: House, NASA, Congress, Exploration Systems, Planetary Society, Air Force, Pentagon, Space Force, Security, NSSL

☆ SpaceX Starship launches successfully, notches new milestones on way around Earth
▼ + stars: | 2024-03-14 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Elon Musk's company launched Starship at about 9:25 a.m. The SpaceX Starship spacecraft lifts off from Starbase in Boca Chica, Texas, on March 14, 2024. Chandan Khanna | AFP | Getty ImagesSpaceX has flown the full Starship rocket system on two tests in the past year, with launches in April and November. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Starship's staggering sizeThe SpaceX Starship spacecraft lifts off from Starbase in Boca Chica, Texas, on March 14, 2024.

Persons: Elon, Musk, Chandan Khanna, we've Organizations: SpaceX, Elon Musk's, AFP, Getty, Federal Aviation Administration, Afp, Super, FAA, NASA Locations: Boca Chica , Texas, Starbase

☆ Investing in Space: How Columbia's fabric tech landed on the surface of the moon
▼ + stars: | 2024-02-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Looking at Intuitive Machines ' Odysseus spacecraft, you may have noticed any one of four fairly visible images: The American flag, NASA logo, Intuitive Machines logo … and a Columbia Sportswear logo. Of course, Columbia wasn't just involved to keep a moon lander comfortable with its jacket liner. "A technology that's good enough to get a lunar spacecraft to the moon, that you can wear in your everyday life? Pioneers in space – I would have never attached that to our company, say, 5 years ago," Boyle added.

Persons: CNBC's Michael Sheetz, Joe Boyle, We've, Boyle, Columbia wasn't Organizations: Columbia, NASA Locations: Columbia

☆ Intuitive Machines stock has surged 300%. How Wall Street reads the moon-fueled rally
▼ + stars: | 2024-02-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +6 min

NASA TVMuch like Intuitive Machines' spacecraft, its stock has been flying to the moon the past week. Stock Chart Icon Stock chart icon Intuitive Machines stock trading around its IM-1 moon mission. Only a handful of Wall Street analysts cover the $1 billion space company. Along with Canaccord Genuity analyst Austin Moeller, Sullivan and Sheppard were unanimous in their reads that retail, not institutional, investors are driving the current Intuitive Machines' rally. Intuitive Machines and NASA leaders showcase a mockup of the company's Nova-C lunar lander during a presentation on May 31, 2019.

Persons: It's, We've, Cantor Fitzgerald's Andres Sheppard, Sheppard, Josh Sullivan, Canaccord, Austin Moeller, Sullivan, Aubrey Gemignani, NASA Canaccord's Moeller, they'll, Moeller Organizations: NASA, Wall, CNBC, Wall Street, FactSet, Payload Locations: Texas, U.S

☆ Watch Intuitive Machines attempt the first U.S. moon landing in over 50 years
▼ + stars: | 2024-02-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Intuitive Machines' mission, known as IM-1, aims to soft land near the moon's south pole at about 6:24 p.m. Intuitive Machines would become the first company to pull off the feat — government agencies have carried out all previous successful landings. Intuitive Machines, a Houston, Texas-based company founded in 2013, went public a year ago. After landing, Intuitive Machines aims to operate Odysseus on the surface for up to seven days. NASA leadership emphasized before the launch that "IM-1 is an Intuitive Machines' mission, it's not a NASA mission."

Persons: Odysseus, Aubrey Gemignani, it's, Astrobotic Organizations: Wall, SpaceX, NASA, Payload, Marshall Space, Center, U.S Locations: U.S, Houston , Texas, Pittsburgh, Japan, Russia, China, India

☆ Investing in Space: Former NASA official explains 'shots on goal' approach to cargo moon landings
▼ + stars: | 2024-02-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. We're six years on from NASA declaring it would look to American companies to deliver cargo and research to the moon. As much as CLPS companies are bidding against each other for contracts, it's another example of what I've called space industry coopetition — simultaneous cooperation and competition. Already, Astrobotic represents that dynamic, holding a briefing with other CLPS companies to share the learnings from the company's first effort. But how many CLPS mission failures will NASA tolerate?

Persons: CNBC's Michael Sheetz, it's, Thomas Zurbuchen, Zurbuchen, Z, Astrobotic's, – Organizations: NASA, Payload, Aerospace

☆ Investing in Space: The role of Starlink in limiting space debris
▼ + stars: | 2024-02-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But – in the latest edition of "SpaceX is the industry exception, not the rule" – the company's recent announcement that it will de-orbit 100 Starlink satellites is a different story. For one, that number represents about 2% of the Starlink satellites launched to date. And, at SpaceX's current rates, they're able to produce and launch replacement satellites in about two weeks time. More importantly, in the ongoing conversation about space debris: SpaceX has a distinct incentive to make sure any faulty Starlink satellites don't end up in the future path of its own rockets and spacecraft.

Persons: CNBC's Michael Sheetz, Brian Weeden Organizations: SpaceX, Secure, Foundation

☆ Moon company Intuitive Machines begins first mission after SpaceX launch
▼ + stars: | 2024-02-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Intuitive Machines' Nova-C lander launched from Florida on SpaceX's Falcon 9 rocket, beginning the IM-1 mission. Intuitive Machines' Nova-C lander "Odysseus" deploys from the upper stage of SpaceX's Falcon 9 rocket to begin the IM-1 mission. NASA leadership emphasized before the launch that "IM-1 is an Intuitive Machines' mission, it's not a NASA mission." After landing, Intuitive Machines aims to operate Odysseus on the surface for up to seven days. Last month, U.S. company Astrobotic got its first moon mission off the ground but encountered problems shortly after launch.

Persons: Paul Hennessy, Trent Martin, Odysseus, it's, Joel Kearns, Kearns, Russia —, ispace, Astrobotic, didn't Organizations: SpaceX, Kennedy Space Center, Anadolu, Getty Images, Machines, SpaceX's, NASA, Payload, Artemis, Nasdaq, Marshall Space, Center, Soviet Union —, U.S Locations: Cape Canaveral , Florida, Getty Images Texas, U.S, Florida, United States, Wednesday's, Japan, Russia, Soviet Union, China, India

☆ Investing in Space: How bankers read a potential sale of rocket builder ULA
▼ + stars: | 2024-02-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. That's despite the successful debut of ULA's Vulcan rocket in early January, which I assumed would galvanize a sale. In the meantime, I've been curious to understand how ULA's sale is likely to play out. Boeing and Lockheed Martin are, and have been, looking to sell the rocket business for some time.

Persons: CNBC's Michael Sheetz, It's, Lockheed Martin, ULA, Tory Bruno, Jeff Bezos, hasn't, I've, it's Organizations: Boeing, Lockheed, Origin, Textron, SpaceX, U.S ., Glenn, Vulcan Locations: ULA

☆ Boeing needs to get its 'quality control under control,' FlightGlobal says
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing needs to get its 'quality control under control,' FlightGlobal saysGreg Waldron of the aviation and aerospace news and information website says the Boeing "can't really afford to have any more mistakes like this."

Persons: FlightGlobal, Greg Waldron Organizations: Boeing

☆ Investing in Space: NASA panel warns astronaut moon plan may be too ambitious
▼ + stars: | 2024-02-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

The Moon's surface seen from the Orion spacecraft on flight day 20 of the Artemis I mission. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. NASA's Artemis moon mission program regularly faces a wide swath of questions – from legislators, auditors, companies and even just the American public – about goals, timeline, cost and more. Call it an Artemis mission! If Orion flying uncrewed around the moon is an Artemis mission, then the first uncrewed HLS landing should be too, because it's arguably just as important to the goal of landing humans back on the moon.

Persons: Artemis, CNBC's Michael Sheetz, it's Organizations: Orion, Aerospace, NASA, Artemis Locations: –

☆ A handful of space companies are running out of cash and time. Here are three at risk
▼ + stars: | 2024-01-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A flurry of about a dozen space companies went public over the last few years. SidusSidus Space is a little-known space company that went the traditional IPO route in late 2021 and began trading on the Nasdaq at a near $200 million valuation. But it had less than $2 million in cash at the end of September, trading at a near $9 million valuation according to FactSet. Elsewhere in spaceA fourth space company in a potentially precarious spot is satellite imagery company Satellogic . Overall, investment in the space sector bounced back in 2023, with companies bringing in $12.5 billion in investment last year.

Persons: Here's, Momentus, there's, Sidus, Satellogic, hasn't Organizations: Astra, Astra Astra, Nasdaq, CNBC, Terran

☆ Investing in Space: Sector led Lockheed and Northrop growth last year
▼ + stars: | 2024-01-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA

☆ Investing in Space: Pentagon's satellite constellation awards near $10 billion
▼ + stars: | 2024-01-18 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +11 min

Now we're pushing $10 billion in awards, to build more than 400 satellites, with seven companies in the mix. York Space has been tapped to make more satellites than anyone but Northrop Grumman, to the tune of $1.3 billion. – The Wall Street Journal / Deere Hyperspectral satellite imagery company Pixxel opens Bengaluru facility, a 30,000-square-foot facility in India for satellite manufacturing. – KeyBancBoldly goingKurt Vogel named as NASA associate administrator for the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency. – NASAfor the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency.

Persons: Yasin Ozturk, CNBC's Michael Sheetz, – Northrop, Lockheed Martin, L3Harris, Northrop Grumman, you've, Momentus, John Plumb, –, Artemis, – SpacePolicyOnline, Tom Mueller's, Redwire, KeyBanc, Kurt Vogel, Chiara Pedersoli, Marco Fuchs, – OHB, – OHB Frank Di Pentino Organizations: SpaceX, . Space Force, Cape Canaveral Space Force, Anadolu Agency, Getty, Space Force, Space Development Agency, – Northrop Grumman, Lockheed, York, Space, Lab, Sierra Space, CNBC, CNBC NASA, Boeing, NASA, NASA ESA, Science, Technology, Industry, ISS, – NASA SpaceX, Deere, Street, Deere Deere, KKR Locations: Cape, Florida, United States, U.S, Brazil, Bengaluru, India

☆ Investing in Space: Understanding Starship's second test flight
▼ + stars: | 2023-11-30 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. In one sense, we're now two weeks (and a holiday breather) on from SpaceX's most recent test flight of a Starship prototype. The extremely public display, as well as SpaceX's polarizing owner, is a double-edged sword for understanding Starship test flights. Few call the Starship launches what they are: research.

Persons: SpaceX's, CNBC's Michael Sheetz Organizations: Boca Chica, CNBC's, SpaceX Locations: Brownsville , Texas, U.S, South Texas, Hawaii

☆ Investing in Space: Deutsche Bank draws investors, companies for NYC for summit
▼ + stars: | 2023-11-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Yesterday Deutsche Bank held a Space Summit conference here in New York City. Investors want to invest in space, but investors understand that this is a long investment cycle," Lohiya said. In general, the space sector is "much more rationalized" than bubble times of two or three years ago, Lohiya noted. Lohiya said the space sector is different than other fast-growing American industries, such as electric vehicles, clean energy or fintech. There's no doubt of a liquidity crunch that reaches beyond the space sector.

Persons: CNBC's Michael Sheetz, I've, Lohiya, There's Organizations: Deutsche Bank, CNBC, Rocket Lab, Deutsche, Investment Banking, Space Locations: New York City, New York

☆ Investing in Space: The military doled out $6 billion for rocket launches — and it's not done yet
▼ + stars: | 2023-11-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The orders are in and we now finally know how the Space Force's most recent block buy of rocket launches shook out: In the end, the military dished out over $5.6 billion in contracts to SpaceX and ULA for 48 launches. The folks over at Space Force's Space Systems Command shared with me the full breakdown of the National Security Space Launch (NSSL) Phase 2 contract awards. In total, Space Force assigned United Launch Alliance (ULA) with 26 missions worth $3.1 billion, while SpaceX got 22 missions worth $2.5 billion. One important thing to keep in mind: This discussion is entirely about ordering launches, not actually launching the rockets themselves.

Persons: CNBC's Michael Sheetz, SSC's, Doug Pentecost, ramped, Pentecost, it's, I've, we've Organizations: SpaceX, Space Force, Systems Command, National Security, United Launch, DOD, Space, SSC Locations: ULA, U.S

☆ Billionaire Richard Branson's Virgin Galactic lays off 185 employees as it doubles down on efforts to build new spaceships
▼ + stars: | 2023-11-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Virgin Galactic has laid off 185 employees, which represented about 18% of its workforce. AdvertisementAdvertisementThe ships are designed to carry six passengers on weekly spaceflights, Virgin Galactic has previously said . Virgin Galactic completed its first commercial space flight in June and carried out a total of five commercial flights this year, Space News reported. Earlier this year, Virgin Galactic was selling tickets for its commercial flights at $450,000 each, per a brochure previously listed on its website. Virgin Galactic didn't immediately respond to Insider's request for comment, made outside of normal working hours.

Persons: —, Michael Colglazier, Colglazier, Richard Branson, Virgin Galactic didn't Organizations: Virgin Galactic, Service, Galactic, CNBC, Delta, New Mexico's, Space News Locations: Phoenix , Arizona, Phoenix, New, America

☆ Investing in Space: Regulatory hold up keeps Varda spacecraft stuck in orbit
▼ + stars: | 2023-11-02 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. There's a small spacecraft zipping around Earth right now, but, unlike most satellites in orbit, it wants to come down. The launch went great, the spacecraft has been healthy, drugs were made, but the necessary license for capsule reentry has not been granted. That may make sense for launch but it's a bit more difficult for reentry," Asparouhov said. How the stratosphere reacts to a reentry capsule in September is very different than February, which is very different than June."

Persons: CNBC's Michael Sheetz, it's, Varda —, Delian Asparouhov, Varda's, Varda, Asparouhov, " Varda Organizations: Air Force's Utah, Federal Aviation, Air Force, FAA Locations: Varda, Australia, Utah

☆ Investing in Space: How the Pentagon sizes up China’s military strength in space
▼ + stars: | 2023-10-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Coming in at a whopping 212 pages, the document represents the latest in-depth, albeit unclassified, view of China's military ambitions. The Pentagon highlighted that the space capabilities of the Chinese military, or PLA, are continuing to "mature rapidly" thanks to "significant economic and political resources to growing all aspects of its space program." China's PLA has a "Strategic Support Force," or SSF, under which is the "Space Systems Department", or SSD, that leads its military space operations. The Pentagon emphasized that most of those Chinese satellites can "support monitoring, tracking, and targeting of U.S. and allied forces worldwide, especially throughout the Indo-Pacific region."

Persons: CNBC's Michael Sheetz, landers, it's, Richard DalBello, China isn't Organizations: Taiyuan Satellite, CNBC's, Pentagon, PLA, Force, Systems Department, U.S, China, GPS, NASA Locations: Taiyuan, Shanxi Province, United States, Xi's, China, Namibia, Pakistan, Argentina, Kenya, U.S, Baku

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